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Real Estate News
More Than 75 New Condo Projects On Hold In GTHA Amid “Dislocated” Market
“We need a combination of lower rates, higher resale prices, and higher rents for the math to work again for investors,” Urbanation's Shaun Hildebrand tells STOREYS.
Jul 25, 2024
Policy
Bosa Properties Says Burnaby Policies Make Purpose-Built Rental Projects "Unbuildable"
Bosa Properties recently sent a letter to Burnaby City Council outlining its thoughts, after it backed out from acquiring a site in the Royal Oak neighbourhood.
Industry
OREA CEO Tim Hudak Steps Down After Seven Years
Tim Hudak has revealed to OREA members that he is stepping down as chief executive officer, effective August 2, 2024.
Policy
City of Vancouver Unveils First-Ever Seniors Housing Strategy, Rezoning Policy
The City says over 194,000 people in Vancouver are 55 years or older and that this number is expected to increase significantly over the next 20 years.
Newly Listed Trinity Bellwoods Modern Serves Sleek Sophistication
In the heart of the Trinity Bellwoods neighbourhood, a stunning family home (meets architectural feat) is waiting to be fallen for.
Policy
Feds Push For Transit-Oriented Development With $30B Canada Public Transit Fund
The Canada Public Transit Fund will require transit-oriented development in exchange for funding, and the federal government says its the largest public transit investment in Canadian history,
Real Insights with John Lusink
Is Now The Time To Drop Your Asking Price? An Expert Explores
It takes a lot of research, knowledge, and trial and error to pinpoint a “sweet spot” price that will appeal to buyers, but still meet seller goals.
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Real Estate News
It’s Been One Year Of Olivia Chow. Here’s What She’s Done For Housing
In her first 12 months, Chow’s housing record has seen her already make good on many of her campaign promises, staying true to her emphasis on affordable housing and proving to be a champion for renters.
Industry
Failed Sale, $49M Debt Push Slate-Owned Burnaby Office Towers Into Receivership
The subject property of the receivership against Slate Asset Management is the "Golden Towers" office complex at 4330 Kingsway in Burnaby.
Breaking News
Doug Ford's Cottage Is On Airbnb For $750/Night And Folks Are Having A Field Day
“See your tax dollars at work and pay for Doug's new hot tub at his other cottage."
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
The Kinsman Report
Are Presales Dead? An Insider Answers (And Explores) The Question
I’m seeing a lot of online chatter about this question. Are presales dead? Is the investor gone? Will high density presales ever be the same again? Let’s jump into it.
Policy
Inside The Broadway Plan Review With Vancouver's Acting Director Of Planning
Acting Director of Planning Matt Shillito explains why the Broadway Plan needs to be amended and the proposed changes being put forth.
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